Range Resources (NYSE:RRC) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Range Resources (NYSE:RRC) issued its quarterly earnings data on Tuesday. The oil and gas exploration company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.55 by $0.13, RTT News reports. Range Resources had a net margin of 17.63% and a return on equity of 13.69%. The firm had revenue of $626.42 million for the quarter, compared to analyst estimates of $676.53 million. During the same period in the prior year, the business posted $0.63 EPS.

Range Resources Trading Up 2.6 %

NYSE RRC opened at $38.49 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.54. The firm’s fifty day moving average price is $37.82 and its 200 day moving average price is $33.86. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 5.11 and a beta of 1.78. Range Resources has a 12 month low of $27.29 and a 12 month high of $41.95.

Range Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, December 13th. Range Resources’s dividend payout ratio (DPR) is 16.16%.

Analyst Ratings Changes

Several equities analysts have recently commented on RRC shares. Scotiabank lowered shares of Range Resources from a “sector outperform” rating to a “sector perform” rating and set a $45.00 price objective on the stock. in a report on Friday, January 17th. Piper Sandler increased their target price on shares of Range Resources from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Truist Financial increased their target price on shares of Range Resources from $31.00 to $35.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Wolfe Research upgraded shares of Range Resources from a “peer perform” rating to an “outperform” rating and set a $42.00 target price on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company increased their target price on shares of Range Resources from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Range Resources has a consensus rating of “Hold” and a consensus price target of $39.00.

Range Resources Company Profile

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), crude oil, and condensate company in the United States. The company engages in the exploration, development, and acquisition of natural gas and crude oil properties located in the Appalachian region. It sells natural gas to utilities, marketing and midstream companies, and industrial users; NGLs to petrochemical end users, marketers/traders, and natural gas processors; and oil and condensate to crude oil processors, transporters, and refining and marketing companies.